Valuation
Instructor
Contents
General principles of valuation
Different valuation approaches
- Discounted cash flow
- “Ertragswertverfahren”
- Valuation with multiples
- Role of real options in valuation
Specific issues in valuing companies
- Non-operating assets
- Corporate and personal taxes
- Pensions and other liabilities
Relevant legal and institutional norms
Application in case studies, e. g.,
- Fairness opinions
- Squeeze-out valuation
Book list
- Goedhart, M./ Koller, T./ Wessels, D. (2010): Valuation: measuring and managing the value of companies, 5. Aufl., New York 2010
- Drukarczyk, J./Schüler A. (2014): Unternehmensbewertung, 7. Aufl., München
- Richter, F. (2005): Mergers and Acquisitions: Investmentanalyse, Finanzierung und Prozessmanagement, München 2005
The course is open for
Bachelor of Science (4 credit points)
Exam
Exam is in "open" form.
Date and time and location:
Thursday, 14.00-18.00 Uhr, O25 - H7
Exact course dates:
26.04.
17.05. --> Change of rooms: 2.00 - 4.00 pm, N24-215 & 4.00 - 6.00 pm, N24 - H13
24.05.
08.06. --> Change of date: Friday 08.00 - 12.00 am, 43-43.2.101
15.06. --> Change of date: Friday 08.00 - 12.00 am, 43-43.2.101
28.06.
05.07.
Grading
Written exam